Last Updated: Saturday, July 19, 2014, 14:26
Finance Ministry is likely to prepare draft cabinet note for government stake dilution in State Bank of India in August to enable it to raise capital for meeting Basel III norms.
Last Updated: Thursday, July 03, 2014, 18:31
Shares of GMR Infrastructure tumbled about 8 percent Thursday after the company launched a share sale issue to institutional investors.
Last Updated: Wednesday, July 02, 2014, 21:19
US and European institutional investors bought a majority of shares in the over Rs 4,800-crore QIP offering by telecom operator Reliance Communications.
Last Updated: Tuesday, July 01, 2014, 15:19
Indian companies mopped-up a staggering Rs 12,151 crore through issue of shares to institutional investors in April-June period of 2014.
Last Updated: Monday, June 30, 2014, 16:02
State-owned Union Bank of India has proposed to raise Rs 1,386 crore through Qualified Institutional Placement (QIP) to fund its business growth.
Last Updated: Sunday, June 29, 2014, 13:38
The funds would be raised by diluting promoters' stake by 8-10 percent depending on the market conditions.
Last Updated: Friday, June 27, 2014, 19:59
Reliance Communications (RCom) on Friday said it raised about Rs 4,808 crore by selling shares to institutional investors to help trim debt.
Last Updated: Wednesday, June 25, 2014, 11:31
The company, which opened the qualified institutional placement (QIP) at a price of Rs 142.13 a share, got total bids of more than Rs 12,000 crore, of which it retained Rs 4,800 crore, sources said.
Last Updated: Wednesday, June 25, 2014, 10:49
People familiar with the matter said the company received total bids of about Rs 120 billion.
Last Updated: Tuesday, June 24, 2014, 18:01
The offer price of the QIP has been fixed at Rs 142.13 a share, which is a 5 percent discount to the floor price of Rs 149.61.
Last Updated: Wednesday, June 11, 2014, 20:51
Country's third largest telco Idea Cellular Wednesday said it has raised total Rs 3,750 crore from its qualified institutional placement offering and preferential issue to existing shareholder Axiata as the firm creates a war chest for the spectrum auctions later this year.
Last Updated: Thursday, June 05, 2014, 17:55
Shares of the company today closed 3.26 percent higher at Rs 140.80 apiece on the BSE.
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